In fact, an alarming number of students don't graduate in SIX years. According to federal statistics, only 57% of full-time college students graduate within SIX years.

Private colleges and universities have better, but not great four-year grad rates. Nearly 48% of students graduate in four years from private schools. The vast majority of students in this country, however, attend public institutions where the average four-year grad is a measly 27%.